TPG Capital
An industry still standing
Just one month before the annual event of the cherry blossoms would make Japan one of the most beautiful countries in the world, a 9.0 earthquake hit east of Honshu on March 11, giving rise to a tsunami estimated about 14 meters height and further leading...
Measures taken to minimize damage on Japanese indexes
As a rare measure of flexibility, Japan’s Financial Services Agency and the Tokyo Stock Exchange have exempted companies that have been upended by last week’s earthquake from meeting earnings announcement deadlines, according to the Nikkei.
Japanese volatility prompts firms to change course
In light of the market volatility prompted by last week’s devastating 9.0-magnitude earthquake in Japan, the plans of at least two private equity-related companies have been delayed to await a more stable business environment.
Foster's to decide on wine business' future
Australia’s Foster’s Group is to vote on the potential spin out of its multi-billion-dollar wine business in a move that may finally give private equity players a chance at the asset.
Alinta’s shareholders approve TPG consortium’s bid
The shareholders of distressed Australian power giant Alinta Energy have approved an acquisition offer by a TPG-led consortium to acquire the company and delist it from the ASX, despite many of these backers making a 90% loss on their original funding.
TPG finally takes control of Vishal Retail
Six months after TPG received the go-ahead to acquire the wholesale unit of distressed Indian superstore chain Vishal Retail, the PE firm has reportedly taken control of the asset, further seeing its investee Shriram Group acquiring a separate part of...
TPG looking at 8x return on Shriram Transport
TPG is reportedly looking to exit its stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, for as much as $1 billion, 8x its initial investment.
TPG, J-Trust near Takefuji takeover
U.S. buyout firm TPG Capital and Japanese consumer lender J-Trust have emerged as the lead contenders to take over the collapsed Japanese consumer lender Takefuji Co., Dow Jones reported
Leaving the mother ship: Asian professionals on their own
What a difference a year makes.
TPG to lose dealmaker Ma
Global buyout major TPG is reportedly losing MD and Partner Mary Ma, who was recruited from Lenovo Group Limited in 2007 where she worked as the Senior Vice President and CFO.
TPG among PE suitors targeting Time Technoplast
Several private equity funds, including TPG Capital, have approached Mumbai-based Time Technoplast, a maker of polymer products, to offer their services to raise capital, the company confirmed to local media.
TPG Fund V under-performs
Preliminary results suggest that the value of one of TPG’s buyout vehicles – its $17.4 billion Fund V – has diminished to less than 100 cents to the dollar by the end of 2010, the Financial Times first reported.
TPG, Affinity-backed UTAC prepares for $400 million relisting
TPG Capital and Affinity Equity Partners-backed United Test and Assembly Center (UTAC), a provider of test and assembly services for semiconductor devices, is reportedly set to re-list on the Singapore Exchange with the aim of raising $400 million.
PE bids for Japan consumer lender: reports
According to reports in local Japanese press, a short list of bidders for Japanese consumer lender Takefuji Corp include: TPG Capital; nonbank financial firm in Kyoto, Japan, J Trust Co.; a major South Korean consumer credit company; and Tokyo-based...
TPG and GIC invest in Indonesian miner
TPG Capital and Singapore sovereign wealth fund GIC has brought a stake in PT Delta Dunia Makmur, Indonesia’s second largest coal mining contractor. The investors bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which...
PE picks up strategic stakes in CICC
Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance will together take a 34.3% stake in China International Capital Corporation (CICC), purchased from US investment bank Morgan Stanley,...
Morgan Stanley exits its entire stake in CICC with government approval
The China Securities Regulatory Commission (CSRC) has finally approved Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance’s purchase of Morgan Stanley’s 34.3% stake in Mainland...
Carlyle, TPG wait as Hero Honda tie-up ends
The Carlyle Group and TPG Capital are among the private equity groups poised to step in to buy Honda's stake in Hero Honda, coming as the Indian motorcycle giant and its Japanese parent Honda wind up a 26-year JV. The potential ticket size of the deal...
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
Australian Taxation Office upholds TPG Myer ruling: reports
The Australian Taxation Office has reinforced its original judgment that followed its pursuit of TPG Capital in November 2009 for payment of income tax on its exit from local department store investment Myer, according to reports.
Jury still out on Shanghai RMB QFLP program
The reported approval by China's State Administration of Foreign Exchange (SAFE) of a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds has been hailed...
Morgan Stanley one step closer to exiting CICC stake
China’s securities regulator, the China Securities Regulatory Commission (CSRC), has approved US investment bank Morgan Stanley's plan to sell its 34.3% stake in China International Capital Corp., (CICC), one of the country’s large Chinese brokerages...
Goodman Fielder CFO Goldsmith to join TPG as advisor
Australian baking and dairy group Goodman Fielder has announced that its Chief Financial Officer, David Goldsmith, is leaving the company to join TPG Capital as a senior adviser.
TPG Capital, General Atlantic aiming to raise $200 million from Lenovo share sale: reports
TPG Capital, including its onetime subsidiary Newbridge Capital, and General Atlantic are planning to sell 282,263 million shares in investee Lenovo Group Ltd. on the Hong Kong Stock Exchange, aiming to raise up to $200 million, according to reports.